Ace investor Ashish Kacholia has acquired a ₹118-crore stake in Jain Resource Recycling, recently listed on the bourses. The company’s FY25 profit surged ₹223 crore, up 143%, and its stock is up 33% from the IPO price. With a 3.1 lakh MTPA capacity and exports to over 20 countries, Jain Resource maintains strong industry leadership.